Taiwan Semiconductor Manufacturing (NYSE:TSM) Receives Buy Rating from Needham & Company LLC

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $168.00 price target on the semiconductor company's stock. Needham & Company LLC's target price points to a potential upside of 27.03% from the stock's previous close.

Several other brokerages have also recently commented on TSM. TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a "market perform" rating in a report on Friday, January 12th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, April 11th. Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a "positive" rating in a report on Tuesday, April 2nd. Finally, Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and a consensus target price of $155.75.

Taiwan Semiconductor Manufacturing Stock Down 4.9 %

Shares of TSM stock traded down $6.78 during trading hours on Thursday, hitting $132.25. 39,238,378 shares of the company were exchanged, compared to its average volume of 15,709,738. The business has a 50 day moving average of $136.61 and a two-hundred day moving average of $112.74. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing has a 52 week low of $81.21 and a 52 week high of $158.40. The company has a market capitalization of $685.90 billion, a PE ratio of 25.53, a PEG ratio of 1.07 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The business had revenue of $19.62 billion during the quarter, compared to analysts' expectations of $18.99 billion. Analysts anticipate that Taiwan Semiconductor Manufacturing will post 6.15 earnings per share for the current fiscal year.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of large investors have recently added to or reduced their stakes in TSM. Johnson Financial Group Inc. bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $25,000. Financial Gravity Asset Management Inc. increased its position in Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 211 shares during the period. MBM Wealth Consultants LLC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $27,000. Sachetta LLC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $29,000. Finally, PCA Investment Advisory Services Inc. bought a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $29,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.